Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:

Molding

Fabrication

Machine-hours

21,000

30,000

Fixed manufacturing overhead cost

$

760,000

$280,000

Variable manufacturing overhead cost per machine-hour

$

4.00

$2.00

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs:

Job D-70

Molding

Fabrication

Total

Direct materials cost

$

370,000

$

320,000

$

690,000

Direct labor cost

$

220,000

$

140,000

$

360,000

Machine-hours

14,000

7,000

21,000

Job C-200

Molding

Fabrication

Total

Direct materials cost

$

200,000

$

220,000

$

$

420,000

Direct labor cost

$

120,000

$

300,000

$

420,000

$

Machine-hours

7,000

23,000

30,000

Delph had no underapplied or overapplied manufacturing overhead during the year.

2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours.

a. Compute the plantwide predetermined overhead rate.

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.

c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delphs cost of goods sold for the year?